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Jacek.degen.eth 🎩
@jacek
1/2 Hey degens, quick transparency update. The Foundation has been using part of the treasury to write call options and generate income. These are set well out of the money, so they only activate if $DEGEN goes up. If they do, a portion may convert to USDC. It’s a way to extend runway and stay self-funded. Around $3M notional is out now, but that changes month to month. The Binance Alpha drop and some treasury activity came from the Airdrop 3 pool. We haven’t updated the tokenomics page yet, that’s coming soon. Plan is to shift more toward the ecosystem and future growth.
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Jacek.degen.eth 🎩
@jacek
2/2 Over the past few months, we’ve reduced airdrops. Tip allowances will end when the Degen App launches. We're building for the long term, without relying on VCs or dumping tokens. Some VCs took meetings, tried to buy OTC at a discount, then market bought and dumped. No support, no alignment. Same with certain airdrop farmers who took millions and vanished. Shoutout to 1confirmation, they’ve always been on our side and aligned with the mission. The treasury is strong. The app is close. We’re still here, still building. Grateful for everyone sticking with us.
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JR ↑
@juli
I like your comms 👍🏼
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Brais.eth
@chi
I think reducing tipping as a growth strategy makes sense right now. However, I'm still not clear on how these measures will impact liquidity providers supporting the pools. Can you provide more details?
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Ringo🎩
@ring0
Will locked degen be available as soon as tipping ends? I appreciate your hard work and transparency.
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Jones
@barkingson.eth
As a pretty new small holder, is it still worthy to lock the $degen up to accumulate allowances? Or will there be more that we will be able to do with those degen tokens once the app rolls out? I’ve been buying some dips and just collected my 10k tokens. Not alot, but i do what i can!
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Arrotu
@arrotu
I know it’s unlikely you will name those vc and I wouldn’t do it if I were you in order to not close future deal and it would be nice to know whom did so founders could take it with a pinch of salt if they ever approach by those or wanted to contact them in the first place !
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Corbin Page
@corbin.eth
appreciate this jacek, onward 🫡
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